Cost of Living Comparison Between New York, NY and Toronto 

Indices DifferenceInfo
Cost of Living in Toronto is 32.9% lower than in New York, NY (without rent)
Cost of Living Including Rent in Toronto is 43.2% lower than in New York, NY
Rent Prices in Toronto are 54.3% lower than in New York, NY
Restaurant Prices in Toronto are 33.3% lower than in New York, NY
Groceries Prices in Toronto are 29.9% lower than in New York, NY
Local Purchasing Power in Toronto is 6.5% higher than in New York, NY
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
New York, NY Edit Toronto Edit Difference
Meal, Inexpensive Restaurant 30.00 $
(41.17 C$)
18.22 $
(25.00 C$)
     -39.3 %
Meal for 2 People, Mid-range Restaurant, Three-course 130.00 $
(178.42 C$)
87.43 $
(120.00 C$)
     -32.7 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $
(16.47 C$)
10.93 $
(15.00 C$)
     -8.9 %
Domestic Beer (1 pint draught) 8.00 $
(10.98 C$)
5.83 $
(8.00 C$)
     -27.1 %
Imported Beer (12 oz small bottle) 10.00 $
(13.72 C$)
7.29 $
(10.00 C$)
     -27.1 %
Cappuccino (regular) 5.67 $
(7.78 C$)
3.93 $
(5.40 C$)
     -30.6 %
Coke/Pepsi (12 oz small bottle) 3.04 $
(4.17 C$)
2.15 $
(2.95 C$)
     -29.3 %
Water (12 oz small bottle) 2.28 $
(3.13 C$)
1.63 $
(2.23 C$)
     -28.8 %
Markets
New York, NY Edit Toronto Edit
Milk (regular), (1 gallon) 5.64 $
(7.74 C$)
11.50 $
(15.78 C$)
     +103.8 %
Loaf of Fresh White Bread (1 lb) 4.35 $
(5.98 C$)
2.50 $
(3.43 C$)
     -42.6 %
Rice (white), (1 lb) 3.33 $
(4.57 C$)
1.53 $
(2.10 C$)
     -54.0 %
Eggs (regular) (12) 5.25 $
(7.20 C$)
3.50 $
(4.80 C$)
     -33.3 %
Local Cheese (1 lb) 7.46 $
(10.24 C$)
5.00 $
(6.87 C$)
     -32.9 %
Chicken Fillets (1 lb) 6.81 $
(9.35 C$)
5.56 $
(7.63 C$)
     -18.4 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.69 $
(11.93 C$)
6.09 $
(8.36 C$)
     -30.0 %
Apples (1 lb) 3.14 $
(4.30 C$)
1.71 $
(2.35 C$)
     -45.5 %
Banana (1 lb) 0.96 $
(1.32 C$)
0.67 $
(0.93 C$)
     -29.9 %
Oranges (1 lb) 2.59 $
(3.56 C$)
1.72 $
(2.37 C$)
     -33.5 %
Tomato (1 lb) 2.93 $
(4.02 C$)
1.65 $
(2.26 C$)
     -43.7 %
Potato (1 lb) 1.81 $
(2.48 C$)
1.15 $
(1.58 C$)
     -36.2 %
Onion (1 lb) 1.69 $
(2.32 C$)
1.23 $
(1.69 C$)
     -26.9 %
Lettuce (1 head) 2.95 $
(4.05 C$)
2.24 $
(3.08 C$)
     -24.0 %
Water (1.5 liter bottle) 2.47 $
(3.40 C$)
1.70 $
(2.34 C$)
     -31.1 %
Bottle of Wine (Mid-Range) 20.00 $
(27.45 C$)
13.12 $
(18.00 C$)
     -34.4 %
Domestic Beer (0.5 liter bottle) 2.57 $
(3.53 C$)
2.48 $
(3.40 C$)
     -3.5 %
Imported Beer (12 oz small bottle) 3.81 $
(5.22 C$)
2.67 $
(3.66 C$)
     -30.0 %
Cigarettes 20 Pack (Marlboro) 17.00 $
(23.33 C$)
14.57 $
(20.00 C$)
     -14.3 %
Transportation
New York, NY Edit Toronto Edit
One-way Ticket (Local Transport) 2.90 $
(3.98 C$)
2.44 $
(3.35 C$)
     -15.8 %
Monthly Pass (Regular Price) 132.00 $
(181.16 C$)
113.67 $
(156.00 C$)
     -13.9 %
Taxi Start (Normal Tariff) 5.00 $
(6.86 C$)
3.64 $
(5.00 C$)
     -27.1 %
Taxi 1 mile (Normal Tariff) 3.50 $
(4.80 C$)
2.05 $
(2.82 C$)
     -41.4 %
Taxi 1hour Waiting (Normal Tariff) 34.00 $
(46.66 C$)
22.59 $
(31.00 C$)
     -33.6 %
Gasoline (1 gallon) 3.86 $
(5.30 C$)
4.46 $
(6.12 C$)
     +15.6 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 31,500.00 $
(43,232.21 C$)
24,959.73 $
(34,256.00 C$)
     -20.8 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,469.93 $
(37,701.13 C$)
22,171.46 $
(30,429.24 C$)
     -19.3 %
Utilities (Monthly)
New York, NY Edit Toronto Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 176.78 $
(242.63 C$)
116.34 $
(159.67 C$)
     -34.2 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 66.45 $
(91.20 C$)
46.53 $
(63.86 C$)
     -30.0 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 70.88 $
(97.28 C$)
52.94 $
(72.65 C$)
     -25.3 %
Sports And Leisure
New York, NY Edit Toronto Edit
Fitness Club, Monthly Fee for 1 Adult 140.00 $
(192.14 C$)
51.30 $
(70.41 C$)
     -63.4 %
Tennis Court Rent (1 Hour on Weekend) 77.86 $
(106.86 C$)
19.14 $
(26.26 C$)
     -75.4 %
Cinema, International Release, 1 Seat 20.00 $
(27.45 C$)
13.12 $
(18.00 C$)
     -34.4 %
Childcare
New York, NY Edit Toronto Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 3,096.67 $
(4,250.02 C$)
1,112.55 $
(1,526.92 C$)
     -64.1 %
International Primary School, Yearly for 1 Child 57,600.00 $
(79,053.18 C$)
17,883.46 $
(24,544.17 C$)
     -69.0 %
Clothing And Shoes
New York, NY Edit Toronto Edit
1 Pair of Jeans (Levis 501 Or Similar) 71.83 $
(98.58 C$)
59.17 $
(81.21 C$)
     -17.6 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 48.24 $
(66.20 C$)
36.24 $
(49.73 C$)
     -24.9 %
1 Pair of Nike Running Shoes (Mid-Range) 98.90 $
(135.73 C$)
100.76 $
(138.29 C$)
     +1.9 %
1 Pair of Men Leather Business Shoes 165.41 $
(227.02 C$)
119.74 $
(164.34 C$)
     -27.6 %
Rent Per Month
New York, NY Edit Toronto Edit
Apartment (1 bedroom) in City Centre 4,328.21 $
(5,940.25 C$)
1,839.62 $
(2,524.78 C$)
     -57.5 %
Apartment (1 bedroom) Outside of Centre 2,861.97 $
(3,927.91 C$)
1,576.93 $
(2,164.27 C$)
     -44.9 %
Apartment (3 bedrooms) in City Centre 8,565.00 $
(11,755.04 C$)
3,232.54 $
(4,436.51 C$)
     -62.3 %
Apartment (3 bedrooms) Outside of Centre 4,551.11 $
(6,246.18 C$)
2,638.90 $
(3,621.75 C$)
     -42.0 %
Buy Apartment Price
New York, NY Edit Toronto Edit
Price per Square Feet to Buy Apartment in City Centre 1,569.57 $
(2,154.16 C$)
941.85 $
(1,292.64 C$)
     -40.0 %
Price per Square Feet to Buy Apartment Outside of Centre 1,142.75 $
(1,568.37 C$)
734.31 $
(1,007.80 C$)
     -35.7 %
Salaries And Financing
New York, NY Edit Toronto Edit
Average Monthly Net Salary (After Tax) 5,723.89 $
(7,855.76 C$)
3,463.07 $
(4,752.90 C$)
     -39.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.72 6.50      -3.2 %
Last update: May 2024May 2024
Contributors in the past 12 months:501790